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China bears persist even as markets soar

Analysts say short sellers may be headed for more losses in Shanghai and Hong Kong

Sat, Apr 11, 2015 - 5:50 AM

BULL MARKET: The Shanghai Composite Index rose 1.95 per cent to a seven-year high on Friday. The benchmark has jumped 94 per cent in the past nine months as new investors flock to stocks at a record pace.

PHOTO: BLOOMBERG

Shanghai

BULL markets are always tough on short sellers. This one in China right now, though, is proving downright brutal.

Bearish wagers on the Shanghai Stock Exchange have climbed more than threefold in the past nine months and reached a record 7.46 billion yuan (S$1.6 billion)